{"id":12288,"date":"2022-07-16T09:20:21","date_gmt":"2022-07-16T09:20:21","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12288"},"modified":"2023-05-11T09:23:59","modified_gmt":"2023-05-11T09:23:59","slug":"dotusd-8-80-short-term-target","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/07\/16\/dotusd-8-80-short-term-target\/","title":{"rendered":"DOTUSD 8.80 short-term target"},"content":{"rendered":"

 <\/p>\n

Polkadot (DOTUSD) has been trading within a clear Channel Down on the log scale ever since its last market top in November 2021. The price has been unable to break above the 1D MA50 (blue trend-line) since April 21. The recent Bullish Divergence on the 1D RSI though (being on Higher Lows against the price’s Lower Lows) may be a first indication of an upcoming rebound at least on the short-term.<\/p>\n

In fact the price action since mid-June is similar to that of February – March. The rebound on that sequence was to the 0.618 Fibonacci retracement level, which on the current pattern is a little over $8.80.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/DOTUSD\/tHKhf0oj-DOTUSD-8-80-short-term-target<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Polkadot (DOTUSD) has been trading within a clear Channel Down on the log scale ever since its last market top in November 2021. The price has been unable to break above the 1D MA50 (blue trend-line) since April 21. The recent Bullish Divergence on the 1D RSI though (being on Higher Lows against the<\/p>\n","protected":false},"author":611,"featured_media":12289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12288"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12288\/revisions"}],"predecessor-version":[{"id":12292,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12288\/revisions\/12292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12289"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}